• Most Forex traders lose all their money.
  Using the robot posted here in trading Forex does not guarantee success.
  Trading this robot could lead to serious financial loss.
  Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
  This is not a set-and-forget ea. There is no such thing and anyone who tells you there is, is either a liar or an idiot. This EA will need manual intervention when NoOfTrades buys and sells are open, and the only recourse from there is to manage the basket manually.
  At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
  To trade this robot, you have to understand:
  • How to use EA's.

• - open a pair of buy and sell trades
  - send a grid of pending buy and sell trades x pips apart.
  - market movement will fill the pending trades in one overwhelming direction.
  - take profit when a sufficient number of buy or sell trades have taken the basket into x cash profit.
  - rinse and repeat.

• -PipsBetweenTrades: the distance in pips between trades.
  - NoOfTrades: the maximum number of possible buy and sell trades. If the market seesaws outrageously, then twice this number is the maximum of trades that can be opened by the EA.

• 1) CashProfitTarget: the profit target in dollars that the basket is aiming for.
  - CashProfitPerLot: multiplies your Lot size by this number to arrive at an adaptive CashProfitTarget. Set this to zero to disable the feature.
  2) Cash jumping stop loss. By default, G uses
  • CashProfitTarget=1000;
    CashJumpingStopLoss=50;
    JslStartsAt=100;
    • This will jump the basket stoploss by $50 once the profit reaches $100.
    Set JslStartsAt to zero to disable this feature.
  3) PipsProfitTarget: this closes the basket when the profit in pips reaches this target. Enter this in pips. The EA converts this for x digit criminals. Set to zero to disable this feature.

• 1) by Rsi trend determination (see below). Only send the initial trades if Rsi indicates a trend.
  2) by using the TMA true indi. TMA works by calculating a moving average and using ATR to calculate a channel above and below the moving average. When the price touches either upper or lower tma, the ea sends the initial trades.
  • - you do not need any version of the TMA indi on your chart or in your indi folder. G emulates TMA and draws dashed yellow lines on your chart to show the upper and lower levels.
    - customisable inputs are available for the Moving Average and Atr indicators. Play with them to your heart's content. All the Tma emulation does is provide an extreme at which to enter the market. The further away the extremes, the more likely you are to enter when the market is preparing a retrace and so you will make your profits more quickly, but will have fewer initial trades. The closer the extremes, the more initial trades you will see bt also more range-bound baskets:
    • - TmaMaTimeFrame and TmaAtrTimeFrame make the Tma emulation independent of your chart time frame. They both default to H1.
      - TmaMaShift defaults to 1, so the emulation is calculating the range using the MA of the previously closed candle on you chosen time frame. This negates the 'wriggling snake head' effect of the current MA - one of Nanningbob's many ideas.
  3) disabling both the above and going with Straight Gertge as described by G in his pm.

• - Lot: the lot size if you do not want auto-calculation.
  - LotsPerThousandOfBalance: lot size is calculated by rounding down the balance to bare $thousands, then multiplying this figure by LotsPerThousandOfBalance to produce a lot size that will grow with the account. Set this input to zero to disable the feature.
  - IncrementalLotMultiplier: multiplies the lot size of the most recent trade by this number. The default of 1 disables lot incrementing. This feature might need adaptation, as a badly ranging market might lead to alternate buy/sell trades opening, each of which has successively higher lot sizes. This will unbalance the basket, so we shall have to see if this is a problem.
  - MaxPairsAllowed tells G to allow no further trading if there are already this number of pairs trading on the account. The pairs do not have to belong to G; they merely have to be open trades. Set this input to zero to allow unlimited trading.

• 1) remove the EA from the chart - this is essential.
  2) drag the sell script onto the chart and wait for the sell to open and the grid appear.
  3) restart Gertje, who will take over the position as though the EA had initiated everything itself (make sure your script and EA have the same magic number).

4xPIPAHOLIC wrote:Sam's trading method link not working.....

TehCount wrote:This should be interesting.